The Sun's Financial Diary

On the day when the Fed chief indicated that the near-zero interest rate we had since December 2008 will be here to stay in order to combat the high unemployment rate (his comments also sent the stock market down sharply BTW), WTDirect, one of the popular online banks, announced that it’s increasing the yield of [...]

The most sure-fire way to save cash is to simply not spend it. It’s far easier said than done, though. From the unexpected expenses that inevitably pop up at the most inopportune time to those times when (gasp!) you find yourself looking for a bit of retail therapy, the temptation to spend money lurks around [...]

When we signed the closing documents in the middle of April, we were told by our agent, not directly to us, but during a casual conversation, that our mortgage could be sold to somebody else later, but the terms of our mortgage, such as rate and length, etc., should remain the same if the transaction [...]

If you’re one of the millions of Americans who is looking for the best way for the skyrocketing costs of a college education, you’ve no doubt heard of the 529 plan.  529s are the tax-advantaged plans offered up by the government for the express purpose of saving for college.  And every state now offers its [...]

With the increase in accessibility to and advertisements for online colleges, potential students are asking a number of incredibly valid questions. One of the most common questions is about the cost of an online education when compared to the cost of attending traditional schools. This article will answer one basic question: Does getting a degree [...]

It is every parents worst nightmare when kids go “I want this and that” which is sad because even though it is common for kids to do that, it can drain the parents some money if they do not set some rules. However, as parents, you should also think about teaching your kids to also [...]

A person who is insolvent doesn’t have enough assets to cover his debts. At times people are unable to repay the debt due to some fiscal crisis and adopt innumerable measures to come out of this debt trap. You can avoid insolvency if you keep on analyzing your budget and the flow of cash. This [...]

Chase Sapphire Card is currently offering $100 bonus after the first purchase for new account holders. The bonus will be rewarded as 10,000 rewards points which can then be redeemed for an equivalent $100 statement cash, gift card, and much more.  In addition, with the Sapphire Card, you can: Earn 1 point for each $1 spent [...]